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India, US to finalise interim trade deal by July 9: Sources
Orissa POST
|June 24, 2025
India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said Monday.
For the next round of talks, the Indian team may visit the US soon to discuss both the interim and first tranche or phase of the proposed bilateral trade agreement, they added.
The high tariffs, announced by the US on April 2, were suspended by the Trump administration till July 9. On April 2, the US imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff.
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